Ordinance No. 19595 - Laserfiche WebLink

Home Browse Search

2.912 Low Income Housin Tax Exem tion - A lication for Exem tion. ~1} An eligible corporation seeking tax exemption for eligible property shall submit an applicatian on a form provided by the city manager and pay the fee set by the city manager pursuant to section 2.020 of this code. The applicatian shall contain the following information: ~a} The applicant's name, address, and telephone number; fib} The assessor's property account number for each parcel of eligible property for which application is being made; ~c} The number of units and the exempted amount of each parcel which is in part eligible property, and the portion of the parcel which wil] be eligible property; ~d} A description of the property for which the exemption is requested; fie} A description of the charitable purposes of the project and whether all or a portion of the property is being used for that purpose; ~f} A certification of income levels of low income occupants and a declaration that the income levels of all occupants of the property for which the exemption is being applied, at the time of the application or within 30 days of the filing of the application are lower than that established far very low income families as defined by 42 U.S.C. section 1437~b}~2} as amended before December 1, 1984; ~g}, A description of haw the tax exemption will benefit pro- ~ect residents; ~h} A declaration that the corporation is an eligible corpora- tion; and ~i} 5uch other information as requested by the city manager. ~2} The applicant shall verify the information in the application by oath ar affirmation. ~3} An application which does not contain all the information re- quired by this section and not accompanied by payment of the proper fees shall be returned. Any application returned for these reasons shall be deemed not to have been filed. ~4} Except as provided in ORS 311.4103}, an application must be filed on yr before March 1 of the assessment year far which the exemption is to be applied. 2.914 Law Income Housin Pro ert Tax Exem tion ~ Review of A licatian. ~1} Applications for the low income housing property tax exemp- t7 on shal l be f ~ l ed w~ th the city manager. ~2} The city manager shall process each application and the manager shall make a written recommendation to the council in sufficient time to allow the council to act within 30 days of the filing of the application ~3} The city manager shall recommend approval and the counci l shal l grant an annual exemption for any eligible property owned by an eligible cor- poration. ~4} Upon receipt of the city council shall consider the application. determine if the applicant qualifies for the exemption, the council shall adopt a which contains findings on the approval manager's written recommendation, the At that meeting the council shall the exemption. If the caunci 1 allows resolution approving the application, criteria and certifies to the Lane Ordinance - 2